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gk today magazine subscription Published this article page no  139 Digital Thrust through Open Online Tendering as default Implementation of ElectronicMeasurement books (eMBs) and its integration with ITenabled project monitoring system for recording progress of works etc.Better Project Execution and Quality via. Detailed Project Reports and Feasibility StudyGround Survey before undertaking a project Inclusion of Quality Assurance Plan in tender documents Permitting alternative contractor selection methods like Quality cum Cost Based Selection (QCBS) as an alternative to traditional L1 system Stagewise progress and quality review of large contracts etc.Strict payment timelines such as 75% of adhoc payments within 10 working days of bill submission Interest on payment delay etc. to improve liquidity at contractors especially Micro Small and Medium Enterprises (MSMEs).Dispute Reduction through critical review arbitrationcourt award and appeal against award only on genuine merit by Public Authorities.Introduction of incentives by allowing public authorities to devise strategies for giving incentives to stakeholders including bonus better rating etc.Allowing Fixed Budgetbased Selection (FBS) for consultancy service and Consultant substitution only in compelling or unavoidable circumstances. What are the challenges that remain in Public Procurement and Project Management?Inefficient use of resources Timely completion of public projects within the estimated cost and with desired quality is a distant dream due to frequent cost overrun project delays and wastage of resources gk today magazine subscription buy.

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